20-year property
Defined in 1 place of the United States Code.
The term “20-year property” includes any municipal sewers.
Source
- 1994–200526 U.S.C. § 168Internal Revenue Code · Accelerated cost recovery system · for purposes of this section
The term “20-year property” means initial clearing and grading land improvements with respect to any electric utility transmission and distribution plant.
Source
- 2005–present26 U.S.C. § 168Internal Revenue Code · Accelerated cost recovery system · for purposes of this section